Petrol price down to 15-month low, diesel rates tracking March levels


Petrol price down to 15-month low, diesel rates tracking March levels

On the downward trend since October 2018, petrol price is now at a 15-month low in India while the price of diesel is back to where it was in March last year. State-run oil retailers, which are no more bearing a loss of Re 1 on fuel sales as asked by the government after last year’s price hike, did not change the fuel price today.

A litre of petrol now retails at Rs 68.65 in Delhi, Rs 69.21 in Bengaluru, Rs 74.30 in Mumbai, Rs 71.22 in Chennai and Rs 70.78 in Kolkata.

Diesel is priced at Rs 62.66 in Delhi, Rs 63.01 in Bengaluru, Rs 65.56 in Mumbai, Rs 66.14 in Chennai and Rs 64.42 in Kolkata. Fuel price chart shows that petrol is now at its lowest rate since October 2017. In the last three months alone, it has lost around Rs 15.

Prices of the two automobile fuels had reached a peak in October last year after which both government intervention  and a reduction in crude oil rates did not allow prices to rise further. Read More

Leave a Reply

Your email address will not be published.